Some film fans were highly suspicious about how a blunder of such proportions could take place during the Oscars

Some claimed the whole fiasco was simply a stunt to gain more press and hopefully boost declining viewer stats, while others argued it had something to do with the "Old Hollywood" industry having some sort of issue with Moonlight.

According to Nielsen, the Oscars rating have been decreasing in recent years with 34.3 million viewers last year which was down from 37.3 million in 2015 and 43.7 million in 2014.

One viewer wrote: "Conspiracy theory: The wrong envelope was purposely handed to the presenters to take over the headlines instead of Moonlight's success."

Another one tweeted: "Wtf. I'm not normally a conspiracy guy but in a world where controversy=ratings any chance this was engineered?? Also congrats Moonlight!"

Others argued it had something to do with the "Old Hollywood" industry having some sort of issue with official winners Moonlight

While others joked: "I don't care what anyone says they stole moonlight's moment this is a conspiracy tupac is still alive bey's name was on the grammy card too."

Another wrote: "conspiracy theory: it was a tie between la la land & moonlight so the academy staged an experiment where they announced one & waited for the reaction to see whether they would let it remain or change the winner"

Wtf. I'm not normally a conspiracy guy but in a world where controversy=ratings any chance this was engineered?? Also congrats Moonlight!

Brian was seen entering the stage with Martha carrying the two envelopes to correct the mistake

It has been revealed that Brian Cullinan was the man behind the unfortunate blunder that made made the Oscars the biggest talking point of the past 24 hours.

Brian works as Pricewaterhouse Coopers (PwC)’s US Board Chairman, and was one of two people left in charge of the fateful envelopes for the Oscars ceremony at the Dolby Theatre, Los Angeles, on Sunday.

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As the cast take the stage and the acceptance speech commences, Brian is seen sheepishly crossing the stage with two envelopes in his hand – both being the Best Picture announcement.

Speaking about how the announcements are kept under the highest security, Brian explained that the company “doubles up everything” – with two people carrying two complete sets of winners envelopes with both people taking two separate routes, with police escorts, to ensure at least one arrival on time.

However, the two winning envelopes proved to be their downfall – and instead of handing Warren Beatty and Faye Dunaway one of the Best Picture envelopes, he instead gave them the second Lead Actress envelope – the first of which now belonged to Emma Stone.